2022-07-31-accounts - The Sadie Centre

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			Page
Repas tuf thc Trustees		1	to	5
Independent Examiner's Report
Statemeot ofFinarmlal	Activities
Statcmcnt ofI'inaocial	Position
Statemcot ofCash Flows
Notes to the Statement	ofCash Flows		10
Notes to the Financial	Statements	12	to	26

		FORT	EYEA	R LrNDED 31.ID	LY2022
						31,7 22	31.7.21
				Unrestricte&I	Restricted	1'01st	Totnl
				fimd	funds	funtls	funds
			Notes	I
INCOME AND ENDOWMENTS		lrROM
Donations anti legacies				29,100	7,380	36,480	77,284
Charitable nctivitles
Clnsses aud workshotm				166,887		166,887	138,448
Complementary tbcrnpics				117,162		117,162	86,703
Counsclliug				228,613		228,613	172,863
Low-cost counselling				15,534		15,534	47,227
Positive Movement				30,240		30,240	17,280
Mindfulness in Schools				22,011		22,011	4,099
NHS Healdr /8 Wellheiug	Coachutg	Service		39,114		39,114
Horticultural Therapy (Growiag People)				2,660	11,500	14,160
Other trading activities				36,910		36,910	7,041
Other income							~37 687
Total				688,231	~18880	~707 111	~588 632
EXPENDITURE ON
Raising funds			6	200		200
Charitable nctlvltles			7
Classes aud workshops				161,811	6,251	168,062	97,735
Complemcotsry therapies				174,660	3,028	177,688	137,447
Counselling				201,172	353	201,525	212,088
Low-cost cotmselling				69,168	353	69,521	129,017
Positive Movement				17,348	1,838	19,186	11,400
Mind fulness in Schools				15,418	5,295	20,713	20,366
NHS Health /8 Wellbeing	Coaching	Service		23,309	439	23,748
Hot1icu I au at Therapy (Cuowing People)				~9931		~9931
Total				~673017	17,557	~690574	~608 053
NET INCOME/(EXPENDITURE) Transfers between fuuds			19	15,214 ~1920)	1,323 ~1920	16,537	(19,421)
Net movemcnt ln funds				13,294	3,243	16,537	(19,421)
RECONCILIATION OF	FUNDS
Total funds brought fonvard				37,511	47,304	84,815	104,236
TOTAL FUNDS CARRIED FORWARD				~50 805	~50 547	~101 352	~84 815

	31J	ULY 2022
				31.7,22	3t.7.21
		Unrestricted	Resnictcd	Total	Total
		flirt rl	funds	funds	ftmds
	Notes	f.			f.
irIXED ASSETS
Tnngible assets	13	39,451	27,995	67,446	92,885
CURRENT ASSETS
Stocks	14	1,748		1,748	1,748
Debtors	15	13,891		13,891	9,927
Cash at bank		~tt7 648	~22 552	~140200	~94 896
		133,287	22,552	155,839	106,571
CREDITORS
Amounts falling due witbia one year	16	(84,921)		(84,921)	(73,347)
NET CURRENT ASSETS		~48 366	~22 552	~70 918	~33224
TOTAL ASSETSLESSCURRENT
LIABILITIES		87,817	50,547	138,364	126,109
CREDITORS
Amounts falling due after more than ouc year	17	(37,012)		(37,012)	(41,294)
NKT ASSETS		50,805	~50 547	~IOI 352	~84 815
KUNDS	19
Unrestricted funds				50,805	37,511
Restricted funds				~50547	~47 304
TOTALFUNDS				~101352	84,815

				THE SADIE CKNTltK	THE SADIE CKNTltK
				STATEMEiVT OF CASH FLOWS
			FOR THK YEAR ENDED 31JULY 2022
					31.7.22	31.7.21
				Notes
Cash flows front operating		activities
Cash generated fiom operations					55,530	(8,9(io)
Interest paid					(911)	(625)
Nct cash provided by/(used		in) operating		activities	54,619	(9,585)
Cash flows from iovesting		activiiies
Put chase oftangible fixed	assets				(4,725)	(37,156)
Nct cash used in investing	activities				(4,725)	(37,156)
Cash flows from financing		actlvihes
New loans in year						50,000
Loan iepayments in year					(4,590)
Net cash (used m)/provided		by financing		activities	(4,590)	50,000
Change in cash and cash	equivaleuts		in
the reportlug period					45,304	3,259
Cash aud cash equivalents		at the
beginning ofthc rcporflng		period			94,896	91,637
Cnsh and cash equivalents		at the end	of
the reporting period					140,200	94,896

OPERATING AC	TIVI	TI	ES
					31.7.22	31.7.21
Net inconte/(espcuditure)			for thc reporting	period (as per the
Statemeat ofFinancial		Activities)			1(8537	(19,421)
Adjustments for:
Ueprectation cbarges					30,164	28,584
Interest paid					911	625
Increase in debtors					(3,964)	(597)
Increase/(decrease)	m cieditors				11,882	(18,151)
Net cash provided	by/(used		in) uperations		55,530	(8,960)

ANALYSIS OF CHAN	GES IN NET FUNDS
		At 1.8.21	Cash flow	At 31.7.22
				f.
Net cash
Cash at bank		94,896	45,304	140,200
		94,896	45,304	140,200
Debt
Debts falling due within	1 year	(8,706)	308	(8,398)
Debts falling due afler I	year	(41,294)	4,282	(37,012)
		(50,000)	4,590	(45,410)
Total		44,896	49,894	94,790

								31.7.22	31.7.22	31.7.21	31.7.21
								f,
General
North Hrrts Drshict Council Govenmtent					Business	grant		4,000		25,143
Classes											223
Hm ts County Couuoil								25,000
Centre General									100		691
								29,100		26,057
I'ostti ve Moventeut (PMB
Whcathampstead Psdsh		Council							500
Bette Valley CCG Sro all		Grmtt Process								5,000
Tesco "BagsofHelp"								500
								1,000		5,000
Mindfulness in Schools		(MiSB
Hertiordshire Community		Foundation		Coronavhus		Relief Fund	—Large
Cuant										4,000
Letchworth Civic Trust										3,000
Donatious lium drop-in	meditation		sessions								575
										9	7
Counselling
Arnold Clarke Community		Fuud
										1,000
Training
HCF Workforce Development								7»			849
								1,703			849
Building works
Roherta Meldrum										16,000
Gig eid										4
										20,000
Technology
Letchworth Garden City	Ifcritsge		Foundation
										7	4

OTHER TRADING ACTIVITIES
	31.7.22	31.7.21
Shop orcome	363	20
Room hire	12,491	5,863
Catorirrg income		18
Othor income		20
Rental income	3,360	1,120
Wedding income	17,175
Utilities income	3 521
	~36 910	~7041

		31.7.22	31.7,21
		8	f,
Classes snd workshops		166,887	138,448
Compleurentary	therapies	117,162	86,703
Counsclthrg		228,613	172,863
Low-rost counselliug		15,534	47,227
Positive Movement		30,240	17,280
Mitrdfulness in	Schools	22,011	4,099
Coaching Growing People		39,114 ~14160

OTHKR	INCOME
		31.7.22	31.7.21
		6
Furlough	claim		37,062
Grant income			625
			37,687

	RAISINO FUNDS	RAISINO FUNDS	RAISINO FUNDS
	Other trmliug nctivltles
						31.7.22.	31.7.21
						f.	I
	Csterurg costs					200
7.	CHAIN'I'ARLK ACflVITIKS COSTS
					Direct	Support
					Costs (see	costs (see
					note 8) I	note 9) f.	Totals
	Classes and workshops				100,052	68,010	168,062
	Complementary dterapies				73,168	104,520	177,688
	Counselliag				149,223	52,302	201,525
	Lorv-cost couusclling				11,901	57,620	69,521
	Positive Movement				9,656	9,530	19,186
	Mindfulness	in Schnols			20,132	581	20,713
	NHS Health	&Wettbctug		Coachiug
	Service				23,748		23,748
	Horticultuml	Therapy	(Growhtg People)		7,849	2082	~993I
					~395729	~294 645	~690374
	DIRECT COSTSOF		CHARITABLE ACTIVITIES
						31.7.22	31.7.21
						6
	Stat'f costs					59,405	43,249
	Practitioners'	fees				72,565	53,476
	Tutors fees					115,486	90,287
	Counsellors	fees				147,670	137,027
	Misc clinic costs					603	955
	PPE for cliuic, cotursellhrg			&classes			963
						~395729	325 957
	SUPPORT	COSTS
							Other
							6
	Classes and	workshops					68,010
	Complmuentary therapies						104,520
	Counselling						52,302
	Low-cost couus oiling						57,620
	Positive Movement						9,530
	Mindfidness	in Schools					581
	Horticultural	Therapy (Orowing People)					~2082
							294 645

Oeneral support	costs were allocated across the aclivi(ies for thc currcltt period	mid comparative	period as
follolvs;
		2021-2022	2020-2021
Classes mid workshops		25.00
Complemeutaly	therapies	25.00	25.00
Couuselliug		25.00	37.50
Low-cost counselling		25.00	37.50

No	employees received emoluments	in excess ofE60,000.
The	average number ofemployees	includes both Odt and part tilne enlployees.

20ZJ COMPARATIVES FORTH	E STATEMENT	OFIrINANCIAL ACTIVI	TIES
		Vnrestricted	Restricted	Total
		fund	funds	t'unde
		E	E.	E
INCOMh: AND ENDOWMENTS	FROM
Donations and legacies		46,866	30,418	77,284
Charitable activities
Classes nnd workshops		138,448		138,448
Complemontary therapies		86,703		86,703
Counscllhlg		172,863		172,863
Low-cost counsolling		47,227		47,227
Positive Movetnent		17,280		17,280
Mindfulness in Schools		4,099		4,099
Other trading aotivities		7,041		7,041
Other income		~376S7		~37687
Total		558214	~3041ll	~58S632
EXPENDITURE ON
Chatitable acNvtties
Classes and workshops		94,827	2,908	97,735
Complementary therapies		135,332	2,115	137,447
Counselling		204,770	7,318	212,088

	N TKS TO TI EFINANC)AL STATE ~NTS -contiuued FOR THE AR KNDED 31JUL 2022	N TKS TO TI EFINANC)AL STATE ~NTS -contiuued FOR THE AR KNDED 31JUL 2022	N TKS TO TI EFINANC)AL STATE ~NTS -contiuued FOR THE AR KNDED 31JUL 2022	N TKS TO TI EFINANC)AL STATE ~NTS -contiuued FOR THE AR KNDED 31JUL 2022	N TKS TO TI EFINANC)AL STATE ~NTS -contiuued FOR THE AR KNDED 31JUL 2022	N TKS TO TI EFINANC)AL STATE ~NTS -contiuued FOR THE AR KNDED 31JUL 2022
12.	2021 COMPARATIVES FOR THE STATKMKNT Ol IriNANCIAL ACTIVITIES - continued
				Umeslrictcd	Restricted	Total
				fund	funds	funds
						I
	Low-cost counselling			127,042	1,975	129,017
	Positive Movement				11,400	11,400
	Mindfuluess hr Schools			12,196	~8170	20,3G6
	'I'otal			~574 167	33,886	608,053
	NET INCOME/(EXPENDITURE) Transfers betsveeu fuuds			(15,953) ~8565)	(3,468) ~8565	(19,421)
	Net movemeut lu	fuuds		(24,518)	5,097	(19,421)
	RECONCILIATION		OF FUNDS
	Total funds brought	fortvard		62,029	42,207	104,23G
	TOTAL FUNDS CARRIED FORWARD			~37 511	~47 304	84815
13.	TANGIBLE FIXED		ASSETS
			Improvemeuts	Pwuiturc
			to	littd	Computer
			pmperty	eqtdpment	equipment	Totals
			f.
	COST
	At I August 2021		400,202	27,060	15,245	442,507
	Additions				~4725	~4725
	At 31July 2022		400202	~27 060	~I9 970	~447 232
	DEPRECIATION
	At I August 2021		315,485	24,416	9,721	349,622
	Charge for year		~27 192	298	~2674	~30 164
	At 31July 2022		~342 677	~24 714	~12395	~379786
	NKT BOOK VALUE
	At 31July 2022		~57 525	~2346	~7575	~67 446
	At31July 2021		~84 717	2,644	~5524	~92 885

	NO'I'KS TO THlr I'INANC	NO'I'KS TO THlr I'INANC	NO'I'KS TO THlr I'INANC	ATEMKNTS - continued.
			IrOR 'fHK YEAR ENDED 31IULY 2022
14.	STOCKS
				31.7.22	31.7.21
					6
	Stocks			1,748	~1748
15.	DEBTORS t AMOUNTS FALLING DUK WITHIN ONK YEAR
				31.7,22	31.7.21
	Trade debtors			13,891	8,043
	Other debtors				«1884
				13,891	~9927
16.	CREDITORS: AMOUNTS FALLING DUF, WITHIN ONK VKAR
				31.7.22	31.7.21
				I
	Trade creditors			32,552	27,010
	Taxation and social serurity			4,302	2,070
	0 thor creditors			48 067	«44 267
				~84 921	~73 347
	Other creditors indudes,	'
				31.7.22	31.7.21
	Deferred income			12,361	29,940
	Sundry acrruals			27,308	5,621
	Short tenn loan-Bounce	Back Covid Loan		r	7
17.	CREDITORS: AMOUNTS IrALLING DUK AFTERMORE THAN ONE			XKAR
				31,7,22	31.7,21
	Odrer oreditors			~37 012	~41 94
18.	LOANS
	An analysis ofthe maturity ofloans is given below:
				31.7.22	31.7.21
	Amouots falling duc within one year on demand:
	Bounce Back Covid Loan			~8398	~8706
	Amounts falling benveen		one and two years:
	Bounce Back Covid Loan		1-2years	~8611	~9727
	Amounts falling duo between nvo and five years:
	Bounce BackCovid Loan		2-5 years	28 401	~31 567

MOVEMKNT IN FUNDS
		Net	Tmusfers
		nlovenlcnt	between	At
	At 1,8,21	in funds	tLIIOIS	31.7.22
		f.	f.
Uurestrlcted funds
Geumat Auul	37,511	15,214	(1,920)	50,805
Restricted funds
Building -NHDC Couununity Facilities
Capital Projects I'coding Scheme	10,157	(1,172)		8,985
Building -The Valiant Charitabk Tout	17,289	(1,921)		15,368
Tedmology —Letchworsh Garden City
Heritage Foundation	9,427	(3,364)		6,063
PM - Wheathmnpstead Parish Colulcil		500		500
MiS - County Conucillor Judi Billing	139	(139)
MiS - County Counctgor Teny Hone	139	(139)
MiS - County Councillor Micbnel Hearn	139	(139)
MiS - Hemy Colbom Trust	1,620	(673)		947
MiS —Letclnvorth Heritage I'ouodation	1,550	(1,550)
MiS - Donations horn drop-in meditation
sessions	5,739	599		6,338
Trainiug -HCF Workforce Development
Gront.	442	(524)	82
PM - Hcrts Valley CCG Sruall Grants
Process		(1,838)	i,838
Counselhng "Arnold Clal'kc Conununity
Fuud	663	(167)		496
PM - Tesco Bags ofHelp		350		350
Growing People —HCC Household
Support Fund		10,000		10,000
Growiug People - HCC Mental Health
Monies		~1500		~1500
	~47 304	~1323	~1920	~50 547
TOTAL FUNDS	~84 815	16537		1~01 352

Not luovemrnt in funds,	inchlded	ul ibe above nre as follows:
			Incoming	Resources	Movclnont
			1'esoulccs	expended	in funds
			I
Unrestricted funds
General hmd			688,231	(f)73,017)	15,214
Restricted funds
Building —NHDC Comluunity Facilities
Capital Projects Funding	Schclue			(1,1 72)	(1,172)
Building - The Valiant Chmitable		Trust		(1,921)	(1,921)
Tedulology -Letcbworth	Garden	City
Heritage Fouodation				(3,364)	(3,364)
PM - Wheathnmpstead Parish Council			500		500
MiS - County Councillor	Judi Billing			G39)	(139)
MiS —County Councillor	Teny Hone			(139)	(139)
MiS - County Councillor	Michael	Hearn		(139)	(139)
MiS - Henry Colboln Tmst				(673)	(673)
MiS - Letohwolth Heritage Foundation				(1,550)	(1,550)
MiS - Douations Rom drop-in meditation
scsslorts			4,677	(4,078)	599
Training - HCF Work force Development
Grant			1,703	(2,227)	(524)
PM - Horts Valley CCG	Small Grants
Process				(1,838)	(1,838)
Counselliug -Arnold Clarke Corlununity
Fund				(167)	(167)
PM - Tcsco Bags ofHelp			500	(150)	350
Growing People - HCC Household
Support Flmd			10,000		10,000
Growing People - IICC Mental Health
Monica			~1500		~1500
			~18 880	~17557)	~1323
TOTAL FUNDS			~707 111	~690 574)	16,537

Compnrativcs I'or movemcut	la	fuuds
				Net	Transfms
				ntovenleut	between	At
			At 1.8.20	in fuuds	flurds	31.7.21
					I	I
Unrcstrlcterl funds
General ftmd			62,029	(15953)	(8,5ti5)	37,511
Restricted fumls
Building (frirniturc) -NHDC Community
Facilitlcs Cnpital Projects Funding		Scheme	101	(101)
Building —NHDC Conuuunity	Pncilities
Capital Projects Funding Scheme			11,329	(1,172)		10,157
Building - The Valiant Charitable		Trust	10,838	(1,921)	8,372	17,289
Techuology - Letchworth Garden		City
Heritage Foundation				9,427		9,427
PM - HCP Coronavirus Relief	fund - Large
Orant			3,522	(3,525)
PM - HCF Bmergmroy Coronavirus		fund	2,860	(2,860)
MiS - County Councillor Judi Billing			139			139
MiS - County Councillor Terry	Hone		139			139
MiS - County Counoillor Michael		Hearn	139			139
MiS —Henry Colbonr Trust			1,620			1,620
MiS —Letchworth Heritage Poundahon			1,550			1,550
MiS - Dooatious from drop-in meditation
sessrotts			4,970	769		5,739
Connsogiug - NHDC Covid-19
Community Support fund			5,000	(5,005)
Trainiog - HCF Workforce Development
Oraot				442		442
PM - Herts Valley CCG Small	Grauts
Process				(15)	15
Counselling - Arnold Clarke Community
Fund				663		663
MiS - Letchwotrh Civic Trust				~170)	170
			42,207	3,468	~8565	~47 304
TOTAL FUNDS			~104 236	~I9 421)		~84 815

CompalatiVe net moVemont ul	funds,	funds,	funds,	in the above mr as follmvs:
				Inro»ung	Resonrces	Movemcnt
				resources	expended	in iilnds
				f.	E
Unrestricted funds
General 1'und				558,214	(574,167)	(15,953)
Restricted fuuds
Building (furniture) -NHDC Communiiy
Facilities Capital Projects Funding			Scheme		(101)	(101)
Buildulg —NHDC Conmnulity	Facilities
Capital Projects Funding Scheme					(1,172)	(1,172)
Building —The Valiant Charitable		Tnlst			(1,921)	(1,921)
Teclmology -Letchworth Garden		City
Heritage Foundation				14,800	(5,373)	9,427
PM —HCF Coronavirus Relief	fund		—Large
Grant					(3,525)	(3,525)
PM - HCF Emergency Coronavinn			fund		(2,860)	(2,860)
MiS - Donations &om drop-in	meditation
sessions				1,769	(1,000)	769
Counselling —NHDC Covid-19
Commuuhy Support fund					(5,005)	(5,005)
Trnining -HCF Workforce Development
Orant				849	(407)	442
PM - Herts Valley CCG Small	Grants
Process				5,000	(5,015)	(15)
Couosclling - Arnold Clarke Community
Pu»d				1,000	(337)	663
MiS - Letchworth Civic Trust				3,000	(3,170)	(170)
MiS - HCF Large Grants				4000	~4000)
				~30418	33 886	~3468
TOTAL FUNDS				~588 632	~608 053)	~19421)

			Net	Transfers
			movement	between	At
		At 1.8.20	in funds	funds	31.7.22
			f.	f.	I
Unrestricted fends
General fund		62,029	(/39)	(10,485)	50,805
Restricted fuuds
Building (gmliture) -NHDC Commuuity
Facilities Capital Projects Funding Scheme		101	(101)
Building -NHDC Comnmnity	Facilities
Capital Projects Funding Schmne		11,329	(2,344)		8,985
Building -The Valiant Charitable Tnlst		10,838	(3,842)	8,372	15,368
Technology -Letchworth Garden City
Ileritago Foundation			6,063		6,063
PM - Whcathampstead I'uriah Council			500		500
PM - HCF Coronavirus Relief	fimd - Large
Grant.		3,522	(3,525)
PM - HCF Eulergency Coronavinw fund		2,860	(2,860)
MiS - County Councillor Iudi Billing		139	(139)
MiS - County Councillor Terry	Hone	139	(139)
MiS - Couuty Councillor Michael Hearn		139	(139)
MiS - Henry Colboru Trust		1,620	(673)		947
MiS - Letchworth Heritage Foundatiou		1,550	(1,550)
MiS - Donatious liom drop-iu meditation
sessions		4,970	1,368		6,338
Counselling -NHDC Covid-19
Community Support fund			(5,005)
Training -HCF Workforce Development
Grant			(82)
PM - Herts Valley CCG Small	Grants
P roc eat			(1,853)	1,853
Counsettiug -/buold Clarke Community
Fund			496		496
MiS - Letchworth Civic Trust			(170)	170
PM - Tesco Bags ofHelp			350		350
Growing People - HCC Household
Support Fund			10,000		10,000
Growing People - HCC Mental	Health
Monies			~1500		~1500
		~42 207	2 145	~10485	~50547
TOTALFUNDS		1~04 236	~2884)		I~01352

			Incoming	Resou&ces	Movcmcnt
			fesottrces	expended	in ftmds
			8
Unrnstrtcted funds
General fimrl			1,246,445	(1,247,184)	(739)
Restrtctcd funds
Building (laminae) - NHDC Community
Facilities Capital projects Fundiug		Scheme		(101)	(101)
Building -NHDC Conununity	Pacilitios
Capital Projects Funding Scherue				(2,344)	(2,344)
Building - The Valiant Chmimble		Tntst		(3,842)	(3,842)
Tcclurology —Letcbworth Garden		City
Horitagc Foundation			14,800	(8,737)	6,063
PM —Whoathampstead Parish	Council		500		500
PM - IICF Coronavims Relief	fund - Large
Grsut				(3,525)	(3 525)
PM - HCF Bmergency Coronavirus		fund		(2,860)	(2,860)
Mib —County Councillor Indi Billing				(139)	(139)
MiS - County Councillor Terry	Hone			(139)	(139)
MiS - County Councillor Michael		Hearn		(139)	(I39)
MiS - Henry Colbont. Trust				(673)	(673)
MiS - Letrtrworth Horitage Foundation				(1,550)	H 550)
MiS —Donations liom drop-in	meditation
sessious			6,446	(5,078)	1,36)8
Counselling -NHDC Covid-19
Commrmity Support ibnd				(5,005)	(5,005)
Training -HCF Workforce Development
Grant			2,552	(2,634)	(82)
PM - Hcrts Valley CCG Small	Grants
Proress			5,000	(6,853)	(1,853)
Counselliug -rtuuotd Clarke Community
Fund			1,000	(504)	496
MiS —Letchworth Civic Trust			3,000	(3,170)	(170)
MiS —HCF Large Grauts			4,000	(4,000)
PM —Tesco Bags ofHelp			500	(150)	350
Growing People - HCC Household
SupportFuud			10,000		10,000
Growhrg Pcoplc - HCC Mental	Health
Mouies			~1500		~1500
			~49 298	~51443	~2,145
TOTAL liiNDS			1~295743	(I 298,627)	~2884)